Exhibit 99.7
Monthly Investor Report: Verizon Master Trust - VZMT 2024-8
| Collection Period |
Payment Date | Transaction Month | Series Status at End of Prior Payment Date | |||||||||||||||||||||||||||||
| May 2026 | 06/22/2026 | 19 | Revolving | |||||||||||||||||||||||||||||
| Offered Notes |
Anticipated Redemption Date |
Final Maturity Date |
Issuance Note Balance |
SOFR:Days in the Interest Period |
Note Interest Rate |
SOFR Adjustment Date |
SOFR30A | Total | ||||||||||||||||||||||||
| Class A-1a |
11/22/27 | 11/20/2030 | $ | 816,010,000.00 | 4.62 | % | 4.62 | % | ||||||||||||||||||||||||
| Class A-1b |
11/22/27 | 11/20/2030 | $ | 75,000,000.00 | 33 | SOFR +0.42 | % | 06/12/2026 | 3.59301 | % | 4.01 | % | ||||||||||||||||||||
| Class B |
11/22/27 | 11/20/2030 | $ | 68,120,000.00 | 4.82 | % | 4.82 | % | ||||||||||||||||||||||||
| Class C |
11/22/27 | 11/20/2030 | $ | 40,870,000.00 | 4.99 | % | 4.99 | % | ||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||
| Total |
$ | 1,000,000,000.00 | ||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||
| Series 2024-8 Allocation % x Group One Available Funds |
$ | 68,074,940.37 | ||
| Amounts paid by the Cap Counterparty |
N/A | |||
| Available Subordinated Amounts |
$ | 0.00 | ||
| Amounts drawn on the Reserve Account |
$ | 0.00 | ||
| Amounts released from Principal Funding Account |
$ | 0.00 | ||
| Any amounts deposited by the Class A Certificateholder in connection with an Optional Redemption |
||||
| Total Available Funds |
$ | 68,074,940.37 |
| Beginning of Period Reserve Account Balance |
$ | 10,899,182.56 | ||
| Required Reserve Amount |
$ | 10,899,182.56 | ||
| Shortfall in Required Reserve Amount |
$ | 0.00 | ||
| Reserve Account funds needed this period (True/False) |
FALSE | |||
| Reserve Account draw amount required |
0.00 | |||
| Reserve Account Deposit Amount |
$ | 0.00 | ||
| End of Period Reserve Account Balance |
$ | 10,899,182.56 |
| Waterfall Distribution | Amount Due | Amount Paid | Shortfall | Carryover Shortfall |
Remaining Available Funds |
|||||||||||||||
| Master Collateral Agent Fee |
$ | 74.22 | $ | 74.22 | $ | 0.00 | $ | 0.00 | $ | 68,074,866.15 | ||||||||||
| Owner Trustee Fee |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 68,074,866.15 | ||||||||||
| Asset Representations Reviewer Fee |
$ | 38.15 | $ | 38.15 | $ | 0.00 | $ | 0.00 | $ | 68,074,828.00 | ||||||||||
| Supplemental ARR Fee |
$ | 152.59 | $ | 152.59 | $ | 0.00 | $ | 0.00 | $ | 68,074,675.41 | ||||||||||
| Indenture Trustee Fee |
$ | 1,250.00 | $ | 1,250.00 | $ | 0.00 | $ | 0.00 | $ | 68,073,425.41 | ||||||||||
| Servicing Fee |
$ | 772,545.85 | $ | 772,545.85 | $ | 0.00 | $ | 0.00 | $ | 67,300,879.56 | ||||||||||
| Class A-1a Note Interest |
$ | 3,141,638.50 | $ | 3,141,638.50 | $ | 0.00 | $ | 0.00 | $ | 64,159,241.06 | ||||||||||
| Class A-1b Note Interest |
$ | 275,894.44 | $ | 275,894.44 | $ | 0.00 | $ | 0.00 | $ | 63,883,346.62 | ||||||||||
| First Priority Principal Payment |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 63,883,346.62 | ||||||||||
| Class B Note Interest |
$ | 273,615.33 | $ | 273,615.33 | $ | 0.00 | $ | 0.00 | $ | 63,609,731.29 | ||||||||||
| Second Priority Principal Payment |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 63,609,731.29 | ||||||||||
| Class C Note Interest |
$ | 169,951.08 | $ | 169,951.08 | $ | 0.00 | $ | 0.00 | $ | 63,439,780.21 | ||||||||||
| Third Priority Principal Payment |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 63,439,780.21 | ||||||||||
| Reserve Account up to Required Reserve Amount |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 63,439,780.21 | ||||||||||
| Regular Priority Principal Payment |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 63,439,780.21 | ||||||||||
| Supplemental Successor Servicer Fee |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 63,439,780.21 | ||||||||||
| Additional Interest Amounts |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 63,439,780.21 | ||||||||||
| Make-Whole Payments |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 63,439,780.21 | ||||||||||
| Additional Fees and Expenses |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 63,439,780.21 | ||||||||||
| Additional Trust Expenses |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 63,439,780.21 | ||||||||||
| Class R Interest |
$ | 63,439,780.21 | $ | 63,439,780.21 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Total |
$ | 68,074,940.37 | $ | 68,074,940.37 | $ | 0.00 | $ | 0.00 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Total Priority Principal Payments and Additional Interest Amounts |
$ | 0.00 | ||||||||||||||||||
Page 1 of 2
| Noteholder Payments | Note Balance | PFA Account | Interest Payment |
Add’l Interest | Make-Whole | Total Payment | ||||||||||||||||||
| Class A-1a |
$ | 0.00 | $ | 0.00 | $ | 3,141,638.50 | $ | 0.00 | $ | 0.00 | $ | 3,141,638.50 | ||||||||||||
| Class A-1b |
$ | 0.00 | $ | 0.00 | $ | 275,894.44 | $ | 0.00 | $ | 0.00 | $ | 275,894.44 | ||||||||||||
| Class B |
$ | 0.00 | $ | 0.00 | $ | 273,615.33 | $ | 0.00 | $ | 0.00 | $ | 273,615.33 | ||||||||||||
| Class C |
$ | 0.00 | $ | 0.00 | $ | 169,951.08 | $ | 0.00 | $ | 0.00 | $ | 169,951.08 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Total |
$ | 0.00 | $ | 0.00 | $ | 3,861,099.35 | $ | 0.00 | $ | 0.00 | $ | 3,861,099.35 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
| Noteholder | Note Balance | Payment per $1,000 of Notes | As of Prior Payment Date | Current Payment Date | ||||||||||||||||||||||||||||
| Payments | per $1,000 of Notes | Interest Payment | Make-Whole Payment | Total Payment | Balance | Note Pool Factor | Balance | Note Pool Factor | ||||||||||||||||||||||||
| Class A-1a |
$ | 1,000.00 | $ | 3.85 | $ | 0.00 | $ | 3.85 | $ | 816,010,000.00 | 1.00 | $ | 816,010,000.00 | 1.00 | ||||||||||||||||||
| Class A-1b |
$ | 1,000.00 | $ | 3.68 | $ | 0.00 | $ | 3.68 | $ | 75,000,000.00 | 1.00 | $ | 75,000,000.00 | 1.00 | ||||||||||||||||||
| Class B |
$ | 1,000.00 | $ | 4.02 | $ | 0.00 | $ | 4.02 | $ | 68,120,000.00 | 1.00 | $ | 68,120,000.00 | 1.00 | ||||||||||||||||||
| Class C |
$ | 1,000.00 | $ | 4.16 | $ | 0.00 | $ | 4.16 | $ | 40,870,000.00 | 1.00 | $ | 40,870,000.00 | 1.00 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
| Total |
$ | 1,000.00 | $ | 3.86 | $ | 0.00 | $ | 3.86 | $ | 1,000,000,000.00 | 1.00 | $ | 1,000,000,000.00 | 1.00 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||
| Beginning Period | Add: Deposit | Ending Period | ||||||||||
| Principal Funding Account Limit |
$ | 500,000,000.00 | 500,000,000.00 | |||||||||
| Principal Funding Account balance |
$ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||
Note: Information regarding Amortization Event Tests and Excess Concentration Amounts can be found on the Verizon Master Trust report filed as Exhibit 99.1 to this Form 10-D.
Page 2 of 2